Radcom (NASDAQ:RDCM) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Radcom (NASDAQ:RDCM) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

RDCM has been the subject of a number of other reports. Zacks Research cut shares of Radcom from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Needham & Company LLC decreased their price target on Radcom from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, Weiss Ratings cut Radcom from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.00.

Radcom Stock Performance

Shares of NASDAQ RDCM opened at $9.91 on Friday. The firm has a market capitalization of $165.89 million, a P/E ratio of 23.60 and a beta of 0.74. Radcom has a one year low of $9.40 and a one year high of $16.74. The company’s fifty day moving average is $11.43 and its two-hundred day moving average is $12.57.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings results on Wednesday, August 12th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.33). The company had revenue of $11.76 million during the quarter, compared to analysts’ expectations of $15.57 million. Radcom had a net margin of 10.47% and a return on equity of 6.51%. On average, sell-side analysts forecast that Radcom will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Radcom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Radcom in the fourth quarter valued at $1,334,000. State of Tennessee Department of Treasury increased its position in Radcom by 37.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 20,909 shares of the technology company’s stock worth $262,000 after purchasing an additional 5,700 shares in the last quarter. XTX Topco Ltd acquired a new position in Radcom in the 4th quarter valued at about $196,000. Bank of America Corp DE raised its stake in Radcom by 93.8% in the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock valued at $131,000 after purchasing an additional 4,364 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in Radcom in the 3rd quarter valued at about $211,000. Institutional investors and hedge funds own 48.32% of the company’s stock.

Radcom Company Profile

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.